BASF SE (Germany) and Rentokil Initial plc (UK) are the Major Players in the Vector Control Market
The vector control market is projected to reach 20.37 Billion by 2023, at a CAGR of 5.13% from 2017 to 2023. The market is driven by the rising prevalence of vector-borne diseases worldwide. The changing climatic conditions and ineffective waste management, especially in developing countries where public health and sanitation, are also major factors driving the overall growth of the market
The market for vector control is divided into products and services, with key players in both the areas occupying a share in the global market, which makes the entire sector unorganized. The wide variety of products and services offered by these companies, their strong brand value, their vast geographical presence in terms of manufacturing and serving, R&D units, and distribution partners are the factors driving the growth of this market. The key manufacturers in the vector control market are Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Bell Laboratories, Inc. (US), and FMC Corporation (US). Key service providers in the industry are Rentokil Initial plc (UK), Ecolab (US), The Terminix International Company LP (US), Rollins, Inc. (US), Anticimex Group (Sweden), Arrow Exterminators, Inc. (US), Massey Services Inc. (US), and Ensystex (US).
In terms of products, BASF SE is one of the major players in the vector control market; it has operational sites in 80 countries, along with production sites in approximately 390 countries of North & South America, Europe, Asia Pacific, Africa, and the Middle East. BASF SE has a wide range of products for the control of insects. Apart from this, the company has a wide geographic coverage, spanning five continents and a strong focus on R&D towards product innovation. In the insect control market space, BASF SE maintains its position through organic strategies of new product development. In July 2017, BASF SE received a recommendation from the World Health Organization (WHO) for its innovative product Interceptor G2, which is a long-lasting insecticide-treated mosquito net (LN) based on chlorfenapyr. This marks the first WHO recommendation in more than 30 years, for a product based on a new insecticide class.
Rentokil Initial plc is one of the major players of products and services in the vector control market. It operates through four segments-pest control, workwear, hygiene, and others. The company specializes in offering products & services for pest control, hygiene, and safety at workplaces. Under pest control services, the company utilizes innovative technological solutions through customer extranets, rodent proofing, and pest connect. Rentokil Initial has gained expertise through research & development in the pest industry. It operates across 66 countries and has been growing as a leader in professional pest management in emerging markets such as South America and Asia Pacific. The company has considerable operational and financial strength as well and focuses on growing within the pest control market through inorganic strategies such as acquisitions and collaborations. With its best-in-class digital technologies, strong brand value, and sector-wise expertise, Rentokil has been targeting markets with high population density such as China, India, and Brazil by introducing innovative products and services. Over the years, Rentokil Initial has emerged as a strong pest control service provider for both commercial and residential segments. In November 2017, the UK-based company acquired Vector Disease Acquisition, LLC (VDA), North America’s largest provider of mosquito control services. This acquisition helped the company cater to the increasing demand for mosquito pest control, globally.
Related Reports:
Vector Control Market by Vector Type (Insects and Rodents), End-use Sector (Commercial & Industrial and Residential), Method of Control (Chemical, Physical & Mechanical, and Biological), and Region – Global Forecast to 2023
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